Oahu Railway & Land Co. v. Pratt

OPINION OF THE COURT BY

GALBRAITH, J.

This is an, original submission under the statute. The matter of difference which, as agreed in the stipulation, “might become the subject of a civil action” is the claim of right by the defendant to collect the tax provided for in Act 20, Session Laws 1901, known as the “Income Tax Law,” from the income of the plaintiff corporation. Four specific questions are propounded by the submission as follows: (1) “Is the plaintiff wholly exempt from taxation on its income?” .(2) “Is the plaintiff exempt from taxation on so much of its income as is derived from…